Inventory of maize, rice and beans for cereal shop

Narasha Koech

Nakuru, Kenya

6% repaid

Entrepreneur

Name

Narasha Koech

Member since

January 2015

On-time repayments

113 installments  •  5%

About Me

My name is Narasha Koech- born and raised in Nakuru county. I am currently 26 years old married and blessed with one daughter.
I am the third born in a family of five and I reside with my family in Industrial area- outskirts of Nakuru town.
I could not study much due to financial challenges while my husband is a driver.
To make good use of my time and also help contribute in family income, I established a cereal shop about a year and a half ago and has been a success.
My hobbies are reading novels and inspirational articles.

My Business

To supplement family income, I have a cereal shop where i sell cereals such as maize, wheat, rice, millet and a few legumes such as dried beans and pigeon peas
The shop is located in industrial area- few meters from Pyrethrum board.
My main customers are local hotels and residents inthe area. I also serve a few small scale tenders from local secondary schools.
I would like to improve my stock, attract more customers and venture into bigger tenders which pay well.

Loan Proposal

I would like to expand the size of my stock especially for maize, rice and dried beans which have high demand in my area.
I therefore plan to use all the $100 on purchasing the additional stock.
The increased stock will improve my net profits by about 25% which will enable me, repay the loan with ease and save more for future projects such as introduction of fresh produce especially vegetables within the same premise.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.38

Date disbursed

Feb 6, 2015

Repayment status

Late

Projected term

26 months

Cost to entrepreneur

Lender interest: $100.38 at 5.19% annual rate over 26 months = $11.55

Service fee: $8.32

Lenders

Hope2012

United Kingdom

Straetman

Kaarst, Germany

J

jozua

Delft, Netherlands

ZlataRoy

Cheltenham, United Kingdom

F

FaaThailand

Bangkok, Thailand

spthoennes

Orlando, United States

MichaelDean

San Jose, United States

G

giaco

madrid, Spain

T

TheAwakenOne

Sydney, Australia

K

kathy207

South Portland, United States

DaveinPerth

Perth, Australia

K

kingmark1

Calgary, Canada

A

ante1

trosa, Sweden

JimVandegriff

Trinidad, California, United States

B

bitofrits

New York City, United States

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